The following table lists several characteristics. Place a check mark next to those items which pertain directly
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Characteristic Check () if related to internal auditing a. Helps to ensure that company's intemal controls are tunctioning properly b. Reports to treasurer or controller c. Required by the Toronto Stock Exchange if company stock is publicly traded on the TSE d. Reports directly to the audit committee e. Ensures that the company achieves its profit goals f. Is part of the accounting department g. Usually reports to a senior executive (CFO or CEO) for administrative matters h. Performs the same function as independent certified public accountants i. External audits can be performed by the internal auditing department
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Related Book For
Managerial Accounting
ISBN: 978-0176223311
1st Canadian Edition
Authors: Karen Wilken Braun, Wendy Tietz, Walter Harrison, Rhonda Pyp
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